The Addis Ababa Investment Commission (AAIC) announced progress in attracting new businesses to the capital. Over the past nine months, the AAIC issued new investment licenses to 1,921 investors, exceeding 76% of its target for the fiscal year. These investors represent a variety of sectors, including construction, urban agriculture, manufacturing, and services.
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The Documents Authentication and Registration Service (DARS) generated Birr 1.8 billion in revenue during the past nine months while serving 1,237,329 customers.
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Addis Ababa Revenue Bureau announced a strong performance, collecting Birr 108 billion in revenue during the last nine months of the 2023/24 fiscal year. This achievement surpasses 98.5% of the city’s target of Birr 109.6 billion.
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2merkato, Ethiopia's leading business portal, partnered with the City Government of Addis Ababa Land Development and Administration Bureau. This partnership brings exciting news for businesses seeking land within the city's areas that are earmarked for redevelopment.
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Addis Ababa Investment Commission exceeded its targets for attracting investment and creating jobs over the past nine months.
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